Source: Wired
by Jake Lahut
“For months, the mantra inside the White House has been a MAGA version of ‘Keep calm and carry on.’ President Donald Trump’s inner circle and more junior aides have embraced the term ‘No panicans’ — specifically around tariffs — to signal there is no room to panic over, and certainly no room for dissent from, the president’s economic policies. The administration’s areas of focu — —deporting immigrants whose labor powers key sectors like agriculture and construction, levying tariffs, and cutting social services among them — have done more than simply increase uncertainty. Hiring and tourism have already slowed dramatically in major US cities from Las Vegas to New York in the first half of the year, and Trump has put almost all the ingredients in place for slow growth amid high unemployment and inflation, the potent combination known as stagflation.” (08/20/25)